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Indorama ventures to invest $150 mn in Indian PET Recycling Plants
Indorama Ventures Public Co Ltd, headquartered in Bangkok and primarily owned by Indian stakeholders, is embarking on a $150 million investment in three PET recycling facilities across India.Read more
First Solar commences production at Indian Plant with $684 mn investment
The American company, First Solar that is establishing its inaugural manufacturing facility in India near Chennai, at Sriperumbudur, has initiated production.Read more
G20 Biofuel Alliance: $500 Billion opportunity in 3 Years, says IBA Study
The study indicates that biogas alone could generate opportunities worth $200 billion, considering its minimal investment requirements compared to other energy generation methods and the easy availability of raw materials.Read more
Reliance Industries explores entry into Semiconductor Manufacturing
At present, the names of the foreign chip manufacturers involved in these discussions remain undisclosed. The decision to invest in semiconductor manufacturing has not been finalised.Read more
Tamil Nadu gears up for Global Investors Meet 2024, focuses innovation, job creation
Global Investors Meet (GIM) scheduled to take place in Chennai in January 2024. In November 2022, the Tamil Nadu Smart and Advanced Manufacturing (TANSAM) was inaugurated, established by TIDCO in partnership with Siemens. Read more
Nigeria seeks major Indian partnerships for economic expansion
Nigerian Foreign Affairs Minister Yusuf Maitama Tuggar encouraged medium-sized Indian family businesses to explore opportunities in the Nigerian market, emphasising the reduction in political and financial risks.Read more
Naffco to invest Rs 700 cr Manufacturing Plant in Telangana
In addition to this manufacturing endeavour, Naffco is set to forge a strategic partnership with the National Academy of Construction (NAC), a prominent institution based in Telangana, to create a Fire Safety Training Academy.Read more
Saudi Wealth fund forges $3.3 billion steel giant in Saudi Basic Industries' Deal
The Public Investment Fund (PIF) will take ownership of Saudi Iron & Steel Company from Sabic, while, in a separate transaction, Sabic's steel arm, Hadeed, will secure AlRajhi Steel Industries in exchange for equity, as per an official statement.Read more
Anant Raj to invest Rs 10,000 crore in 300 MW Data Centre Project
To oversee the operations of these data centres situated in Manesar, Rai, and Panchkula in Haryana, Anant Raj has established a subsidiary named "Anant Raj Cloud."Read more
Mahindra & Volkswagen comes together for EV Components
In addition to these initiatives, Mahindra is targeting an annual production of 200,000 electric vehicles at its Chakan plant in Maharashtra from 2027 to 2029.Read more